The global assisted reproductive technology market can experience a 10% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR) in a report that covers drivers of the said market and segments in detail. Infertility cases are on the rise, that too, at an alarming rate.

This has been triggered by a sedentary lifestyle, obesity, ovulation disorder, unhealthy diet, increasing intake of tobacco & alcohol, and chronic diseases.

However, lower success rate, high cost, chances of birth defects, and side effects associated with hysterectomy procedures are some issues that can pose hurdles to stop the regular market growth during the forecast period.

Merck launches two new products QBOX IVF, and the new Geri Assess 2.0, to increase fertility opportunities for patients. With an intention to become the choicest treatment partner for IVF stakeholders and assisted reproductive treatment (ART) clinics, the company has been innovating and improvising their products for a better result.

Europe, at present, is dominating the market as the region is gaining substantially from increasing innovations in clinical practice and access to fertility treatment in this region. Infrastructural standard related to the healthcare sector can also be touted as influencers.

The Americas is assuming the second spot, and the market scenario is going to remain the same during the forecast period. Increasing cases of cancer can be seen as a potential market booster. The APAC market is projected to become the fastest growing segment during the forecast period.

Rising cases of, obesity and diabetes can be taken into consideration while judging the parameters of the regional growth. The MEA market is expected to generate the least amount of share owing to stringent government policies and low per capita income.

Market Insight

Merger, acquisition, collaboration, partnership, and other methods are some tactical moves that the companies employ to sustain and grow. This, as a consequence, also helps the market in its growth.

For instance, California Cryobank and Cord Blood Registry have entered into a definitive agreement that will work as a new entity under California Cryobank Life Sciences platform to bring in the best of domestic and international opportunities for expansion and better the research & development sector of donor reproductive tissue and newborn stem cell industries.

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